124
124
Jan 15, 2013
01/13
by
MSNBCW
tv
eye 124
favorite 0
quote 0
xlees with tax breaks for rum distillers? i need a drunk. >>> i'm kry is tal ball. are we turning our kids in to narcissists? >>> a dope. lance armstrong comes clean to the queen of talk but who needed the interview more, lance or oprah? >>> i'm shooting straight coming to guns. ready, aim? "the cycle" is on fire. >>> the house is back and getting serious about the constitution. members spent 1:05 reciting the entire u.s. constitution. it's the basis of our government, of course, but this is only the second time ever the entire document was read aloud in the house. >> we the people of the united states in order to form a more perfect union -- >> no person except a natural-born citizen shall be eligible to the office of president. >>> the powers to all cases of law and equity. >> full faith and credit given in each state to the public acts. >> congress shall make no law respecting an establishment of religion, the right of the people to keep and bear arms shall not be infringed. >> neither slavery nor involuntary servitude shall exist within the united states. >> the
xlees with tax breaks for rum distillers? i need a drunk. >>> i'm kry is tal ball. are we turning our kids in to narcissists? >>> a dope. lance armstrong comes clean to the queen of talk but who needed the interview more, lance or oprah? >>> i'm shooting straight coming to guns. ready, aim? "the cycle" is on fire. >>> the house is back and getting serious about the constitution. members spent 1:05 reciting the entire u.s. constitution. it's the...
191
191
Jan 14, 2013
01/13
by
CNBC
tv
eye 191
favorite 0
quote 0
the fiscal cliff, this isn't a new tax. it's a return of an old tax but playing havoc with domestic stocks. so is all of the partisanship that makes our country seem like a mickey mouse place to invest and uncertainty going forward, every single democratic government on earth seems to be better organized and smoother functioning than ours. that uncertainty caused by that lack of confidence and higher payroll taxes might have something to do with the declines. telco was a place to hide back in 2012. at&t and verizon saw slow downs. apple and samsung, we love these companies because they had no europe last year, in china, no mexico. now we wish they had all three and there was business formation. let's focus on the other half of the equation. it's a little. where the money is going. last night china heads to one more marketable session. holy cow, courtesy of new attitude. the gold double digit growth is taking up the fxi. follow along, but it is taking up to the ancillary chinese place, like coach. did you see that today. ral
the fiscal cliff, this isn't a new tax. it's a return of an old tax but playing havoc with domestic stocks. so is all of the partisanship that makes our country seem like a mickey mouse place to invest and uncertainty going forward, every single democratic government on earth seems to be better organized and smoother functioning than ours. that uncertainty caused by that lack of confidence and higher payroll taxes might have something to do with the declines. telco was a place to hide back in...
240
240
Jan 18, 2013
01/13
by
CNBC
tv
eye 240
favorite 0
quote 0
what have we done on the tax well, we have raised taxes on capital. we haven't cut the corporate income tax. we haven't done anything on immigration, we have added more regulation. if you want to add an expensive regulation, fine, get rid of one. we have not been thinking of the regulation or tax or spending on growth. listen, given how big the debt is, according to ken rogueoff we are past the red zone where the amount of debt we have is slowing growth. we need to deal with that too. >> we just put $1.3 trillion on. that came out today. small business, the backbone of the economy, they got a big tax hike. i think that's the most regrettable. instead of paying 40% plus 3.8% obama care, i don't think the small business should pay more than 25%. i don't think the large business should pay more than 25%. those are both anti-growth measures from president obama. >> well, we should have free lunches too, larry. look, someone has to pay for government and the reality is you were talking about the past when we had more rapid growth. we did have more rapid gr
what have we done on the tax well, we have raised taxes on capital. we haven't cut the corporate income tax. we haven't done anything on immigration, we have added more regulation. if you want to add an expensive regulation, fine, get rid of one. we have not been thinking of the regulation or tax or spending on growth. listen, given how big the debt is, according to ken rogueoff we are past the red zone where the amount of debt we have is slowing growth. we need to deal with that too. >>...
61
61
Jan 19, 2013
01/13
by
CNN
tv
eye 61
favorite 0
quote 0
indicted on 21 charges of federal corruption, including bribery, money laundering, fraud, filing false tax returns. nagin was mayor of new orleans during 2005's hurricane katrina and the aftermath and prosecutors say he used his office for personal gain and accepted payoffs, free trips, and thousands of dollars in bribes. >>> hey, the dow and the s&p 500 ended the week at their highest levels in five years. now, the finish closed out a trade week that saw strong quarterly earnings from reports from major banks. markets also seemed to react positively to signs that the debt ceiling debate could be pushed back a bit. trading resumes on tuesday after the martin luther king jr. holiday. >>> let's turn to the inauguration now. former president bush 41 and 43 were, of course, invited, but they won't be there this time. the elder bush is recovering from a month-long hospital stay after being treated for bronchitis. you remember that. a spokesperson for bush 43 says the former president and his wife, laura, wish the obamas, quote, all the best for a wonderful inaugural weekend. both former preside
indicted on 21 charges of federal corruption, including bribery, money laundering, fraud, filing false tax returns. nagin was mayor of new orleans during 2005's hurricane katrina and the aftermath and prosecutors say he used his office for personal gain and accepted payoffs, free trips, and thousands of dollars in bribes. >>> hey, the dow and the s&p 500 ended the week at their highest levels in five years. now, the finish closed out a trade week that saw strong quarterly earnings...
231
231
Jan 16, 2013
01/13
by
CNBC
tv
eye 231
favorite 0
quote 0
tax or no tax, middle east, those guys good at what they do. how you doing? >> caller: a big booyah from florida. >> what's going on, sunshine? >> caller: a called a month ago for cisco. y you told me to buy. now it's 21. you think i should buy? >> i think it's good. a very hard stock. i see the orders coming from the telco ies, so my charitable trust pulled the trigger, bought cisco. i think it will go to 24. >>> sally in california. >> caller: a big booyah to you from california. can you tell me about anteras pharmaceutical. ants. >> the injectables, very competitive. not a believe every or buyer of that particular industry, not that crazy on the stock. >>> let's go to drew in california. >> caller: dr. cramer, l.a. king stanley cup champ ba ba booyah to you. >> what's up? >> caller: thank you for getting be mac me back in the game in 2012. chesapeake, chk. >> a hard one to own frankly. i'll tell you why. my trust owns southwestern energy, which i think the ceo will tell you, a darn good company. natural gas prices won't go up i feel. and i worry about the
tax or no tax, middle east, those guys good at what they do. how you doing? >> caller: a big booyah from florida. >> what's going on, sunshine? >> caller: a called a month ago for cisco. y you told me to buy. now it's 21. you think i should buy? >> i think it's good. a very hard stock. i see the orders coming from the telco ies, so my charitable trust pulled the trigger, bought cisco. i think it will go to 24. >>> sally in california. >> caller: a big...
190
190
Jan 17, 2013
01/13
by
CNBC
tv
eye 190
favorite 0
quote 0
not going to save our way out or tax our way out, but those things do matter. i'm glad ceos are spending time expressing their thoughts on these issues. >> but we're living cliff by cliff. >> yes. >> it's amazing to me that we haven't, you know, put out real solutions. has this, do you think, become an impediment for business? has it become an impediment for your business that all this uncertainty and the fact that we can't make any decisions in washington, even though the corporate balance sheet is quite strong. >> absolutely. what did we talk about in december? nothing but fiscal cliff. it even drove santa claus off the front page. all we talked about. >> that's true. >> now the debt ceiling and then it's sequester and the continuing resolution. we go from this cliff to that cliff, and we don't deal with the problem. if we deal with the problem, there's so many assets in america. we can grow our way out of this. >> let me ask you about getting out of a problem and for many it's regular laying. after the 2008 upset, the banking sector has faced much higher reg
not going to save our way out or tax our way out, but those things do matter. i'm glad ceos are spending time expressing their thoughts on these issues. >> but we're living cliff by cliff. >> yes. >> it's amazing to me that we haven't, you know, put out real solutions. has this, do you think, become an impediment for business? has it become an impediment for your business that all this uncertainty and the fact that we can't make any decisions in washington, even though the...
177
177
Jan 19, 2013
01/13
by
MSNBCW
tv
eye 177
favorite 0
quote 0
subject to payroll taxes, they said it would hurt the economy. that would be far more damaging, they said to economic growth than what we're asking people to consider. if you raise the taxes, you will have an immediate effect on employment and economic activity. so if you're a ceo who makes maybe only a million, you're taxed on the first tenth of your income. if you're making $60,000 a year, every one of your $60,000 is taxed for social security. and this is the kind of thing, it just drives me crazy. you know what the flip side of these guys loving their jobs, never ever wanting to leave not even when they're old and they have lots of grand kids, they're not stopping the ceos of cesars because they're paying payroll taxes on more of their income. they love their job, folks at the top that convince themselves that things wouldn't hurt at all like raising the retirement age, are easy no-brainers, that are just common sense. they convinced themselves of things that will hurt them and devastating the economy. when they say no to higher taxes, they a
subject to payroll taxes, they said it would hurt the economy. that would be far more damaging, they said to economic growth than what we're asking people to consider. if you raise the taxes, you will have an immediate effect on employment and economic activity. so if you're a ceo who makes maybe only a million, you're taxed on the first tenth of your income. if you're making $60,000 a year, every one of your $60,000 is taxed for social security. and this is the kind of thing, it just drives me...
37
37
Jan 15, 2013
01/13
by
CNBC
tv
eye 37
favorite 0
quote 0
sounds like a good thing and perhaps it is in some corners but remember, many states have relied on huge tax revenue from these companies. they, too, face a new reality. before we go, take a look at the day on wall street. the dow jones industrial average closed at the highs of the day. had before down 61 points at the worst. the nasdaq down a fraction and the s&p 500 up a fraction. that will do it tonight. thank you so much for being with me. have a great night. but don't go anywhere, because "fast money" begins right now. >>> live from the nasdaq market site in new york city's times square, i'm melissa lee. apple breaks below $500. a look at why investors are jumping ship. facebook face plant. shares fall after the social media giant unveils its new search feature. big bank earnings. what's riding on numbers from goldman sachs out tomorrow? first, straight to our top story and that's apple's slide. the stock is down 24% over the past three months. should you be a buyer or seller? let's go to the chairs and you were a buyer, keith, today. >> yeah, buy it. at the end of the day, the stock wa
sounds like a good thing and perhaps it is in some corners but remember, many states have relied on huge tax revenue from these companies. they, too, face a new reality. before we go, take a look at the day on wall street. the dow jones industrial average closed at the highs of the day. had before down 61 points at the worst. the nasdaq down a fraction and the s&p 500 up a fraction. that will do it tonight. thank you so much for being with me. have a great night. but don't go anywhere,...
106
106
Jan 17, 2013
01/13
by
CNBC
tv
eye 106
favorite 0
quote 0
didn't make sense to take it last year because you want to pay as much in tax last year because the rates were lower for folks in those higher earner brackets. now those same folks have been taking and that's the pressure on apple the last few weeks. >> coupling on halftime it's the fight on the street that everybody is talking about. herbalife is going on the offensive. and oil spiking to four month highs we're heading to the pits to find out crude's next stop. we're back in two minutes. i've always had to keep my eye on her... but, i didn't always watch out for myself. with so much noise about health care... i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile. not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still going to give me a heart attack. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. >> welcome back. let's take a look at shares of bank of america. we're trading at the loss of the sees. the compa
didn't make sense to take it last year because you want to pay as much in tax last year because the rates were lower for folks in those higher earner brackets. now those same folks have been taking and that's the pressure on apple the last few weeks. >> coupling on halftime it's the fight on the street that everybody is talking about. herbalife is going on the offensive. and oil spiking to four month highs we're heading to the pits to find out crude's next stop. we're back in two minutes....
139
139
Jan 18, 2013
01/13
by
MSNBCW
tv
eye 139
favorite 0
quote 0
public and the message of the public, we have had poll after poll siding with the president from a tax increase on those making over $250,000 to kind of stricter gun legislation. the polls show that most people are siding with him. but yet, to your point, you still see pure rejection from republicans in the house who know their constituents will still vote with them and they can hold up the process. >> national consensus for compromise and in the -- >> breaking it down to nuggets, absolutely. >> you had a poll on nbc news and the republican brand so tarnished, like the worst in history or worst it's ever been recorded. 49% have an unfavorable view of the republican party and that hasn't changed them or change the behavior. what do you do when people aren't paying attention? >> sadly, you add dot-dot-dot. i don't know what the solution would be for that. lynn, thank you. great pleasure. keith, zachary, see you at the inauguration. heading out to the big show on sunday. we are also following another developing story. former new orleans mayor ray nagin, this is breaking news, indicted on
public and the message of the public, we have had poll after poll siding with the president from a tax increase on those making over $250,000 to kind of stricter gun legislation. the polls show that most people are siding with him. but yet, to your point, you still see pure rejection from republicans in the house who know their constituents will still vote with them and they can hold up the process. >> national consensus for compromise and in the -- >> breaking it down to nuggets,...
187
187
Jan 15, 2013
01/13
by
CNBC
tv
eye 187
favorite 0
quote 0
it isn't including the possibility that we develop a tax regimen in this country. but that has to happen and it doesn't include the notion that you and i haven't thought of. a wealthy player that believes in the vision of being a one stop shop for the smaller business companies. the idea that could be considered reasonable. it will be replaced by a smartphone and a tablet that is certainly possible. if you think it is the latter than $11 well, i got to tell you, you should be in dell. this stock isn't going back to $8 and change. but you better wait until it cools down before you buy. as we know, no man's land is a very, very bad place to be. stay with cramer. next straight talk from the keystone state. the moves he is making to keep the state strong. the cud ho report next on cnbc. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. ♪ [ male announcer ] don't just reject convention. drown it out. introducing the all-new 2013 le
it isn't including the possibility that we develop a tax regimen in this country. but that has to happen and it doesn't include the notion that you and i haven't thought of. a wealthy player that believes in the vision of being a one stop shop for the smaller business companies. the idea that could be considered reasonable. it will be replaced by a smartphone and a tablet that is certainly possible. if you think it is the latter than $11 well, i got to tell you, you should be in dell. this...
184
184
Jan 14, 2013
01/13
by
MSNBCW
tv
eye 184
favorite 0
quote 0
the reality is, an agreement that has taxes in, spending cuts, but also the debt ceiling would not be a negotiation. >> and jennifer, what's interesting, i keep hearing from republican leadership. they would love to actually, they don't want, the debt limit is not where they want to have this focus. they want it on the government shutdown, the continuing resolution, but they don't know how to get their members to see it the way they see it. >> that's right. a long time ago in the ages of 2011, they thought that using the debt ceiling was a great idea and got them great leverage. they have climbed up the mountain and rig down the mountain so many times with this president. >> climbed down the mountain. i think it was a -- >> good point. talk about a cliff. but, you're right. they don't really want to play that game. they don't want to be accused of not paying the country's bill, but how do thaw use that leverage in order to finally get to cuts, which the president said will be coming, but never seems to come in their lives. >> back to the white house here, boy, the markets would love t
the reality is, an agreement that has taxes in, spending cuts, but also the debt ceiling would not be a negotiation. >> and jennifer, what's interesting, i keep hearing from republican leadership. they would love to actually, they don't want, the debt limit is not where they want to have this focus. they want it on the government shutdown, the continuing resolution, but they don't know how to get their members to see it the way they see it. >> that's right. a long time ago in the...
135
135
Jan 16, 2013
01/13
by
CNBC
tv
eye 135
favorite 0
quote 0
the end of the payroll tax holiday has to hurt retail doesn't it? and the facebook disappointment. you have this mystery announcement coming. instead we have an announcement of a tool to search information on big social networks. what a bust. yet the market didn't get hammered. there was no rally, and then we got the nap time and the fresh bull came to play into the bell. what is happening here? there have been different times along the way up where we had this same exact phenomenon like we are seeing here today. one at the beginning of the bull run. another occurred in the first three years in the '90s. we had about a half dozen since the new millennium. and every single case, every single one i can recall we get this moment where the market didn't get tired, but the analyst did. many big cap stocks had run up into their price targets. analysts stayed bullish or they actually even raised price and it was a mistake. and i'll tell you, let's use it, an endless target party. 700 goes to 900 and only if there were a two for one stocks split. the analysts were gun shy. not the cheering
the end of the payroll tax holiday has to hurt retail doesn't it? and the facebook disappointment. you have this mystery announcement coming. instead we have an announcement of a tool to search information on big social networks. what a bust. yet the market didn't get hammered. there was no rally, and then we got the nap time and the fresh bull came to play into the bell. what is happening here? there have been different times along the way up where we had this same exact phenomenon like we are...
111
111
Jan 14, 2013
01/13
by
KNTV
tv
eye 111
favorite 0
quote 0
yeah, the payroll tax really matters but, in fact, if you look at how much the average homeowner who has been able to refinance and that's more and more of them, have saved, it dwarfs what the increases in the payroll tax. >> all right. we will leave it there. great conversation, guys. appreciate your time tonight. see you soon. greg ip and jerry webman. >>> up next on "on the money," what today's students learn on the economy and what we can teach yourself for the future. the president of harvard university is with me. >>> and buzz with millions, how to build a news company in a new age. age. how it may just save journalism. >>> welcome back. as college education's high cost continues to rise, some families are forced to opt out for financial reasons. how does that impact businesses on campus. joining me now is drew faust, harvard president. >> great to be here. >> we had news this week from m moody's. the demand for four-year college degrees is going down, it is softening. it is softening. leading to declines in net revenue for many universities. now, i realize harvard really is in
yeah, the payroll tax really matters but, in fact, if you look at how much the average homeowner who has been able to refinance and that's more and more of them, have saved, it dwarfs what the increases in the payroll tax. >> all right. we will leave it there. great conversation, guys. appreciate your time tonight. see you soon. greg ip and jerry webman. >>> up next on "on the money," what today's students learn on the economy and what we can teach yourself for the...
194
194
Jan 16, 2013
01/13
by
CNBC
tv
eye 194
favorite 0
quote 0
we picked up $204 million rather than put taxes whose impact fee into the community. it has allowed the industry itself to hire people. there are related companiy ies t hire people. and you know the phrase the necessity is the mother of invention. a lot of inventions are being developed but the energy itself allows businesses across the state to grow. a lot of companies in south eastern pennsylvania and philadelphia are going to be using it to power the refineries, it is looking and hopefully will build a facility that will take the ethonol and take ethanes they are paying around $80,000. the average workforce is $47,000. >> why is the governor still waiting? >> i know what is going on. i know there are a number of people that used to be opposed to it. a lot of them have changed here. but there are a certain group that are opposed to it. but i remind many people we follow it closely and it is a technology that has been used in texas and we feel comfortable that it is flowing the economy here in pennsylvania and it is going to make us and the united states in the long-
we picked up $204 million rather than put taxes whose impact fee into the community. it has allowed the industry itself to hire people. there are related companiy ies t hire people. and you know the phrase the necessity is the mother of invention. a lot of inventions are being developed but the energy itself allows businesses across the state to grow. a lot of companies in south eastern pennsylvania and philadelphia are going to be using it to power the refineries, it is looking and hopefully...
49
49
Jan 17, 2013
01/13
by
FBC
tv
eye 49
favorite 0
quote 0
tax. what's happening here? what nebraska governor hopes signals politicians are seeing the light, and then, drones are seen just about everything you do. they are in the air. they are under the sea. they are drowning out your privacy everywhere. ♪ what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment r low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worse
tax. what's happening here? what nebraska governor hopes signals politicians are seeing the light, and then, drones are seen just about everything you do. they are in the air. they are under the sea. they are drowning out your privacy everywhere. ♪ what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment r low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to...
129
129
Jan 13, 2013
01/13
by
KNTV
tv
eye 129
favorite 0
quote 0
yeah, the payroll tax really matters but, in fact, if you look at how much the average homeowner who has been able to refinance and that's more and more of them, have saved, it dwarfs what the increases in the payroll tax. >> all right. we will leave it there. great conversation, guys. appreciate your time tonight. see you soon. greg ip and jerry webman. >>> up next on "on the money," what today's students learn on the economy and what we can teach yourself for the future. the president of harvard university is with me. >>> and buzz with millions, how to build a news company in a new age. age. how it may just save journalism. lucky charms?! ♪ yer always after me lucky charms! whoa. i forgot how good these taste! [ lucky ] ♪ they're magically delicious now all general mills big g kid cereals have more whole grain than any other ingdient in cereals like lucky charms and cinnamon toast crunch, the delicious way to help them grow up strong. >>> welcome back. as college education's high cost continues to rise, some families are forced to opt out for financial reasons. how does that im
yeah, the payroll tax really matters but, in fact, if you look at how much the average homeowner who has been able to refinance and that's more and more of them, have saved, it dwarfs what the increases in the payroll tax. >> all right. we will leave it there. great conversation, guys. appreciate your time tonight. see you soon. greg ip and jerry webman. >>> up next on "on the money," what today's students learn on the economy and what we can teach yourself for the...
200
200
Jan 17, 2013
01/13
by
FOXNEWSW
tv
eye 200
favorite 0
quote 0
and your corporate tax. where do you intend to get revenue to run your state? >> well, greta, the way we're going to do it, again, we're proposing elimination of the individual income tax and corporate income tax and the income is going to come by repealing some of the sales tax exemptions that we've granted to businesses over the years and i've had many conversations with them. they're looking for a simpler and fairer tax code and again, people in my state are pretty excited about the idea that we could eliminate the individual income tax. >> greta: i imagine though if you're taking advantage of that sales exemption tax you're not going to be particularly fond of this idea. how are you going to convince those people it's a good idea? >> well, that's the challenge we have, but again, many of these were implemented four or five decades ago. we have a different economic environment then and again, as i talk to business leaders, they said, you know what? if you can make it simpler and fairer we're willing to go
and your corporate tax. where do you intend to get revenue to run your state? >> well, greta, the way we're going to do it, again, we're proposing elimination of the individual income tax and corporate income tax and the income is going to come by repealing some of the sales tax exemptions that we've granted to businesses over the years and i've had many conversations with them. they're looking for a simpler and fairer tax code and again, people in my state are pretty excited about the...
208
208
Jan 14, 2013
01/13
by
CNNW
tv
eye 208
favorite 0
quote 0
reform by closing loopholes in our tax reform for the wealthiest americans. if we combine a balanced package of saving through -- we can solve the deficit issues without sacrificing things like our investments in education that are going to help us grow. turns out the american people agree with me. they listened to an entire year's debate over this issue and they made a clear decision about the approach they prefer. they don't think it's fair for example to ask a senior to pay more for his or her health care or for a scientist to shut down ground breaking research so that a multimillionaire can pay less taxes than a secretary. they don't think it's smart to close endless loopholes for wealthy americans rather than invest in our roads and to help manufacturers bring jobs back to america. they want us to bring our books in order no a balanced way where everybody pulls their weight and everybody does their part. that's what i want as well. that pie that's what i've proposed. and we can get it done, but we're going to have to make sure that people are looking at
reform by closing loopholes in our tax reform for the wealthiest americans. if we combine a balanced package of saving through -- we can solve the deficit issues without sacrificing things like our investments in education that are going to help us grow. turns out the american people agree with me. they listened to an entire year's debate over this issue and they made a clear decision about the approach they prefer. they don't think it's fair for example to ask a senior to pay more for his or...
324
324
Jan 18, 2013
01/13
by
FOXNEWSW
tv
eye 324
favorite 0
quote 0
. >> tax fraud appears to be a popular past time in u.n. prisons. a new report by treasurer's department says the irs detected more than 173,000 fraudulent tax returns from inmates last year. that's more than twice the number detected in 2010. some inmates steel identity from obituaries some even use their own but fudge the numbers to try to get much bigger tax refunds they deserve. in 2012 two inmates alone tried to claim more than $1 billion. the good news is the irs says it stopped those two and others from illegally claiming 2.5 billi 2.5 billion in last refunds last year. they are stepping up enforcement but says more needs to be done. $35 million slipped through the cracks and so the irs says it's very successful at detecting and stopping in incorrect refunds when prisoner data is available it adds there are significant challenges getting complete and consistent data from the multiple jurisdictions involved. still the agency says if committed to enhancing the process is to further minimize prisoner refund fraud. >> it is now 44 after the top o
. >> tax fraud appears to be a popular past time in u.n. prisons. a new report by treasurer's department says the irs detected more than 173,000 fraudulent tax returns from inmates last year. that's more than twice the number detected in 2010. some inmates steel identity from obituaries some even use their own but fudge the numbers to try to get much bigger tax refunds they deserve. in 2012 two inmates alone tried to claim more than $1 billion. the good news is the irs says it stopped...
107
107
Jan 19, 2013
01/13
by
KGO
tv
eye 107
favorite 0
quote 0
with h&r block's messed-up tax second look,there. hrimp lover, people bring in old tax returns, and i'm like, "who did this to you?" don't worry, i'll fix it. i'll go back three years... and get you every single deduction out there. i feel more inspired. more positive. [ male announcer ] only lipton adds fresh-pressed tea leaves to its new great tasting blend. drink new lipton and you'll be surprised how great you feel. ♪ [ all kids ] twooooo! [ moderator ] you sure? i am absolutely positive! [ little boy ] two times is awesome. the thing i can do is wave my head and wave my... that's amazing. i've never seen anything like that. look i can do -- hold on -- i'm watching this. i'm getting dizzy... [ male announcer ] it's not complicated. doing two things at once is better. and only at&t's network lets you talk and surf on your iphone 5. ♪ >> jimmy: president obama is about to propose legislation that would limit access to assault weapons and require background checks on people who buy guns, and, of course, getting a lot of oppositi
with h&r block's messed-up tax second look,there. hrimp lover, people bring in old tax returns, and i'm like, "who did this to you?" don't worry, i'll fix it. i'll go back three years... and get you every single deduction out there. i feel more inspired. more positive. [ male announcer ] only lipton adds fresh-pressed tea leaves to its new great tasting blend. drink new lipton and you'll be surprised how great you feel. ♪ [ all kids ] twooooo! [ moderator ] you sure? i am...
162
162
Jan 17, 2013
01/13
by
CNBC
tv
eye 162
favorite 0
quote 0
whatever that tax rate works. it can cover their expense, buy books, scene their kids to school, put food on the table. it doesn't matter where the tax was a generation ago or three years ago because we assimilate, we're a productive capitalist society that assimilates. it on lie matters where you are. love steve liesman's presentation. it's about government spending. what i find fascinating, what we have here is on one side debt. on the other side we have stimulus but not really. okay. boy the board is even getting excited. but debt and stimulus are the same. it just depends on which side of the check you're on. the 1.2 trillion every year in debt is basically a stimulus. so why is it so shock or why is it that to stop increasing debt that once you do the numbers go down? you know what it's like? you remember those old cars in the old days. you had stick shift. your battery was dead you pushed it to get it going. say you have to pay your buddies 20 bucks to get a push. if after 50 pushes it doesn't start maybe th
whatever that tax rate works. it can cover their expense, buy books, scene their kids to school, put food on the table. it doesn't matter where the tax was a generation ago or three years ago because we assimilate, we're a productive capitalist society that assimilates. it on lie matters where you are. love steve liesman's presentation. it's about government spending. what i find fascinating, what we have here is on one side debt. on the other side we have stimulus but not really. okay. boy the...
178
178
Jan 14, 2013
01/13
by
CNBC
tv
eye 178
favorite 0
quote 0
and that is because the federal and local tax rates, marginal tax rates combined in high tax states are not on high income taxpayers are now in the neighborhood of 50%. in my home state of connecticut, it's 48.5%, in new jersey and new york, it's higher. and in california, it's higher again. >> right. >> and 50% is well past the peak of the curve, meaning that as production rises -- as taxes rise, production diminishes. so, when taxes go to 100%, production goes to0 and the government collects nothing. >> right. >> so, as taxes rise, the government's stake will diminish. and the government's stake is maximized somewhere between 40% and 45%. and we are beyond that. so, the government's stake is going to diminish from here on, so raising taxes is no longer going to be an answer to deficit reduction and apparently neither is cutting spending. >> yeah, i mean, i guess, you know, the broad -- the broad populous, you know, the people, i don't know that they necessarily understand the implications of not cutting spending, because it does feel like, you know, it constantly goes on the republica
and that is because the federal and local tax rates, marginal tax rates combined in high tax states are not on high income taxpayers are now in the neighborhood of 50%. in my home state of connecticut, it's 48.5%, in new jersey and new york, it's higher. and in california, it's higher again. >> right. >> and 50% is well past the peak of the curve, meaning that as production rises -- as taxes rise, production diminishes. so, when taxes go to 100%, production goes to0 and the...
132
132
Jan 19, 2013
01/13
by
MSNBCW
tv
eye 132
favorite 0
quote 0
. >> we won't go into the wars, the home bust, the bush tax cuts. so now here's the idea. let's wait until people get oldest and sickest and the way we'll fix the budget is, the deficit, is when they get oldest and sickest we're going to take away their benefits. that is totally insane. >> right. >> you're talking about something like for instance raising the eligibility age. >> raising the eligibility age. >> how does the table feel about raising the eligibility age? >> no, no. >> the republicans want us to talk about the budget, the debt ceiling as if that is the only issue out there. i mean the real biggest issue in my opinion is jobs in the economy. >> yes. >> we still have to do everything we can. once we get the economy back you'll have revenue coming in and take care of a lot of the long-term shortfalls in different areas but i personally support the proposal to get rid of the debt ceiling requirement. >> yes. >> i think it is absolutely ridiculous we still have this. >> right. >> this stupid debate that they want to do three months at a time because they want to fi
. >> we won't go into the wars, the home bust, the bush tax cuts. so now here's the idea. let's wait until people get oldest and sickest and the way we'll fix the budget is, the deficit, is when they get oldest and sickest we're going to take away their benefits. that is totally insane. >> right. >> you're talking about something like for instance raising the eligibility age. >> raising the eligibility age. >> how does the table feel about raising the eligibility...
129
129
Jan 14, 2013
01/13
by
CNNW
tv
eye 129
favorite 0
quote 0
sales tax, correct? >> well, it's not quite. progressive is important to me, i don't want people to pay taxes if they have $20,000 a year worth of income. but at 30,000, i might like for people to pay $1. just $1. so they have a legitimate claim for saying, i'm part of the society, and i don't pay a lot, but i do pay something. everybody participates, and there's no game playing, it's a very efficient way to raise revenue. right now, it costs us $431 billion a year to administer the tax system we have, and the tax gap, the money we're not collecting that's theoretically owed is $400 billion a year. we could do better than that, we can think better than that. and the president needs to lay that out for us. >> even if we get more growth, we're still finding it difficult to get unemployment down. elaine cho served as george w. bush's secretary of labor. what would you do to create more jobs in america? >> i think you have to keep the tax rate low, they're a direct burden on the resources of the employer. th
sales tax, correct? >> well, it's not quite. progressive is important to me, i don't want people to pay taxes if they have $20,000 a year worth of income. but at 30,000, i might like for people to pay $1. just $1. so they have a legitimate claim for saying, i'm part of the society, and i don't pay a lot, but i do pay something. everybody participates, and there's no game playing, it's a very efficient way to raise revenue. right now, it costs us $431 billion a year to administer the tax...
75
75
Jan 15, 2013
01/13
by
FBC
tv
eye 75
favorite 0
quote 0
even if we go to the brink, they will keep taking the taxes out. tax revenue keeps coming in what washington has to decide is prioritizing what money goes out and where? what do you think is top, top priority. the bill to pay before all others? like if we were in same boat, same emergency we would pay the mortgage or rent first to keep a roof over our head, we prioritize, so does uncle sam like we know we might as well toss our home good-bye. the government knows a default comes only, when obligations to spreadtorcreditors or investorst paid. that is their mortgage emergencies, that upsetting the other stuff, defaulting it is not, that is why some republicans are paying so tough, raise but only if you match in equal spending cut, president said that is crazy, tea party activist thinks that going through this shar charade is cr, what do you think? >> i am so glad that you are pointing this out, i think it is so irresponsible -- i know that very few others in the media are going to point this out. this is a perpetual problem, it is a lie. and it is u
even if we go to the brink, they will keep taking the taxes out. tax revenue keeps coming in what washington has to decide is prioritizing what money goes out and where? what do you think is top, top priority. the bill to pay before all others? like if we were in same boat, same emergency we would pay the mortgage or rent first to keep a roof over our head, we prioritize, so does uncle sam like we know we might as well toss our home good-bye. the government knows a default comes only, when...
253
253
Jan 15, 2013
01/13
by
CNBC
tv
eye 253
favorite 0
quote 0
when we pay our gasoline tax, we spend that money to the federal government. they skim off management fee and then they dole it out all over again to things like a museum dedicated to the packer, a movie about movies about the road for alaska, things like that. airport money, we spend all of this, there's a tax in all of our tickets, and yet all that money goes into a big pile and the vast majority of it does not go to the biggest airports in the country. it goes to the ones that are the most politically connected. you really have to disengage congress and get more private money going directly where they can actually make a profit and you'll get more infrastructure. >> yeah, but donna, i mean, president obama signed the recovery act and spend billions on infrastructure project. did we get our money's worth? what did that money goes toward? >> well, first let me say, we do need some more money. yes, some airports can be built privately, and there's no question we're spending the money in the wrong places, but even if we took all the money going to highways, lik
when we pay our gasoline tax, we spend that money to the federal government. they skim off management fee and then they dole it out all over again to things like a museum dedicated to the packer, a movie about movies about the road for alaska, things like that. airport money, we spend all of this, there's a tax in all of our tickets, and yet all that money goes into a big pile and the vast majority of it does not go to the biggest airports in the country. it goes to the ones that are the most...
37
37
Jan 14, 2013
01/13
by
CNNW
tv
eye 37
favorite 0
quote 0
b, they pay their back taxes. and c, they pay a small penalty for having broken the law in the first place. >> but let me push you on that because if you don't provide a path to citizenship -- >> i don't think you have to say that they can become citizens. this -- that part of my four-point program's going to be a attacked voluntary sis rously by people on the republican side. but it's not amnesty. they have a path to citizenship. they do the way every other immigrant does to become an american citizen. >> what would you say to the republicans who will say, look, they should be deported? >> yes. >> they should never have a path -- >> and you think what you say to them, look what your position got us in this last election. we need to pay attention to demographics. okay? i said we need to be the party of hope and opportunity. not the party of anger and resentment. >> illegal immigration is just one problem with our current system says michael bloomberg, the mayor of new york city and one of america's most successful
b, they pay their back taxes. and c, they pay a small penalty for having broken the law in the first place. >> but let me push you on that because if you don't provide a path to citizenship -- >> i don't think you have to say that they can become citizens. this -- that part of my four-point program's going to be a attacked voluntary sis rously by people on the republican side. but it's not amnesty. they have a path to citizenship. they do the way every other immigrant does to become...
170
170
Jan 20, 2013
01/13
by
MSNBCW
tv
eye 170
favorite 0
quote 0
there's thought the $8 billion fees the banks are paying could be deductible against their federal taxes as were the dollars bp paid for the clean up. it's something congress needs to stop if it comes to that. at the same time, the largest six banks and the power they have, we need to break up the banks. >> i agree. congresswoman? >> you should know in 2005, i pulled together several members in congress to form a caucus. we realize the economic policies and foreign policies of the bush administration would lead to a spike in poverty. unfortunately, now 50 million people are living in poverty. 16 million are children. we passed a bipartisan resolution to cut it in half now we need a national strike that di- and plan to end poverty. it's a shame and disgrace 50 people in america are living in poverty. >> real fast, when the roe v. wade decision came down, the lead sentence of the story was finally settling a long contentious policy debate in america. not so much. >> nut sg settled in politics. i want to thank my guests today. bill burton, sherrod brown. thank you all. our thanks to everyon
there's thought the $8 billion fees the banks are paying could be deductible against their federal taxes as were the dollars bp paid for the clean up. it's something congress needs to stop if it comes to that. at the same time, the largest six banks and the power they have, we need to break up the banks. >> i agree. congresswoman? >> you should know in 2005, i pulled together several members in congress to form a caucus. we realize the economic policies and foreign policies of the...
140
140
Jan 15, 2013
01/13
by
CNBC
tv
eye 140
favorite 0
quote 0
it's a special tax form. have you to file for every single state that you're in where the pipeline might go through. it's a little complicated so some people have been buying exchange-traded funds because there's mlp exchange-traded funds. the point is if you're interested in dividends, these -- these kinds of deals are very, very host investments. two other ones are coming this week. >> not really seeing the kind of pace that we've seen for ipos. haven't seen the business come back. >> norwegian cruise lines goes back. not a massive limited partnership. >> that's a very well known name. >> sure they will be trying it out. >> get me my sunglasses. >> closing countdown coming up. >> and is congress threatening the economy with the looming fight over the debt ceiling? something we're all talking about, and will washington ever get serious about fixing the debt crisis. do not miss, this should be pay-per-view's, maria's exclusive interview with alan simpson coming up on the "closing bell." >> he's always great.
it's a special tax form. have you to file for every single state that you're in where the pipeline might go through. it's a little complicated so some people have been buying exchange-traded funds because there's mlp exchange-traded funds. the point is if you're interested in dividends, these -- these kinds of deals are very, very host investments. two other ones are coming this week. >> not really seeing the kind of pace that we've seen for ipos. haven't seen the business come back....
163
163
Jan 17, 2013
01/13
by
CNBC
tv
eye 163
favorite 0
quote 0
end of the payroll tax cut holiday. something dragging down on retailers, and higher payroll taxes disproportionately hit low and middle income consumers. customers make 40,000 a year or less. end of the payroll tax holiday, means a household will have to pay $800 to $1,000 in taxes that they won't be able to spend at the general. these families will have to tighten their belts. since they are more likely to shop at family dollar or dollar general than saks, that's bad news. the debt ceiling fiasco, and the negotiation of the budget sequester, we could see actual cuts to entitlement programs in the next few months, at least there will be tons of chatter in the media about it. i don't think either the republicans or the democrats have the guts to cut entitlements. what does this have to do with the dollar stores? you cut program that help people who shop at dollar stores, you hurt these stocks. the low-ends retail environment is getting more competitive. they have to become more promotional, code for more discounts. in o
end of the payroll tax cut holiday. something dragging down on retailers, and higher payroll taxes disproportionately hit low and middle income consumers. customers make 40,000 a year or less. end of the payroll tax holiday, means a household will have to pay $800 to $1,000 in taxes that they won't be able to spend at the general. these families will have to tighten their belts. since they are more likely to shop at family dollar or dollar general than saks, that's bad news. the debt ceiling...
161
161
Jan 19, 2013
01/13
by
CNBC
tv
eye 161
favorite 0
quote 0
there is no strategy going forward to any kind of corporate tax reform. he talks about it but it's not going anywhere. there's no -- >> how can you -- what's your defense on this? >> i'm at a loss for words. >> yes. i would imagine so. >> i don't know, about the jobs council i don't think it's a huge deal that it hasn't met because they've already made recommendations. and the question is when are those recommendations ever going to see the light of day in congress. he has an american jobs act he put out. it hasn't gone anywhere in the republican house. i think those are some of the proposals that came out of the jobs council. but in terms of what mark said i think he's exactly right. the president does need to be talking about jobs more. i felt that the whole six-week period after the election until the end of the year when he talked about the fiscal cliff and the debt -- and the debate with the republicans was a wasted opportunity. we had an election that was just about jobs. i think the president needs to get back to that issue if he hopes to realign w
there is no strategy going forward to any kind of corporate tax reform. he talks about it but it's not going anywhere. there's no -- >> how can you -- what's your defense on this? >> i'm at a loss for words. >> yes. i would imagine so. >> i don't know, about the jobs council i don't think it's a huge deal that it hasn't met because they've already made recommendations. and the question is when are those recommendations ever going to see the light of day in congress. he...
101
101
Jan 18, 2013
01/13
by
KGO
tv
eye 101
favorite 0
quote 0
so when it comes to taxes, we're here to help you. that's why we have cpas, enrolled agents, and tax attorneys to answer your questions-- helping you get deductions for uniforms, union dues, and even the miles you drive for a job interview. you deserve to keep more of your hard-earned money. and we're here to help make that happen. turbotax-- the power to keep what's yours. try it free at turbotax.com. [ nyquil bottle ] just reading your label. wait...you relieve nasal congestion? sure don't you? [ nyquil bottle ] dude! [ female announcer ] tylenol® cold multi-symptom nighttime relieves nasal congestion. nyquil® cold and flu doesn't. home of the all-new grilled onion cheddar burger, topped with melty white cheddar and caramelized onions. plus all your tasty favorites for just a dollar each. every day. ♪ when someone in my family gets the flu. fact: advil not only relieves body aches and pains that can come with the flu, it also reduces fever fast. relief doesn't get any better than this. advil. >> jimmy: in ancient times, our next
so when it comes to taxes, we're here to help you. that's why we have cpas, enrolled agents, and tax attorneys to answer your questions-- helping you get deductions for uniforms, union dues, and even the miles you drive for a job interview. you deserve to keep more of your hard-earned money. and we're here to help make that happen. turbotax-- the power to keep what's yours. try it free at turbotax.com. [ nyquil bottle ] just reading your label. wait...you relieve nasal congestion? sure don't...
193
193
Jan 18, 2013
01/13
by
CNBC
tv
eye 193
favorite 0
quote 0
in 1937 as we were coming out of depression, the government tightened fiscal policy, raised taxes and the fed raised rates and created a second downturn. this is what ben bernanke has studied his whole life and this is the mistake he refuses to make. >> jeff, wouldn't that be a mistake? i mean, isn't part of the equation that we're not talking about, demand? yes, there's a lot money out there and it's very cheap right now but the demand for that money is what's keeping the inflation lower right now, isn't it? >> i would tell you, yeah, i mean, the demand i guess is certainly the issue that he's trying to stimulate here, but i just don't know how you stimulate it by continuing to just devalue the united states currency. >> let me stop you there, jeff, because that hasn't happened. >> yes, it has. >> by what measure? >> if you look at the dxy, down 11% since qe started. >> okay. if that was also part -- if you read all. fed's and all of ben bernanke's literature on how to attack deflation and reflate, part of it is gently devaluing the dollar. competitive devaluations going around the w
in 1937 as we were coming out of depression, the government tightened fiscal policy, raised taxes and the fed raised rates and created a second downturn. this is what ben bernanke has studied his whole life and this is the mistake he refuses to make. >> jeff, wouldn't that be a mistake? i mean, isn't part of the equation that we're not talking about, demand? yes, there's a lot money out there and it's very cheap right now but the demand for that money is what's keeping the inflation lower...
86
86
Jan 16, 2013
01/13
by
MSNBCW
tv
eye 86
favorite 0
quote 0
i thought conservatives hated taxes. burnett said this liberal tax exists to make a point. >> we have a fiscal problem in this country. we've got to deal with it or we don't have a country. so to kind of help make that point a little bit, i charge them just a little bit more. >> yeah, it's all our fault. to add insult to injury, burnett donates the extra dollar to the conservative cause like the heritage foundation. jim demint will like that. but vernal, utah, is located in solid red county, folks. 90% of the residents there voted for mitt romney. less than 9% voted for barack obama. burnett's controversial pricing is getting him free publicity and lots of love from local republicans. but his stunt will not single-handedly fund jim demint and the heritage foundation. at $1 per liberals, let's add it all up. >> actually, all three liberals have been happy to pay it. >> there you go. heritage foundation, good luck with the three extra bucks. don't spend it -- well, yeah, go ahead, spend it in one place. >>> tonight in our
i thought conservatives hated taxes. burnett said this liberal tax exists to make a point. >> we have a fiscal problem in this country. we've got to deal with it or we don't have a country. so to kind of help make that point a little bit, i charge them just a little bit more. >> yeah, it's all our fault. to add insult to injury, burnett donates the extra dollar to the conservative cause like the heritage foundation. jim demint will like that. but vernal, utah, is located in solid...
105
105
Jan 14, 2013
01/13
by
CNBC
tv
eye 105
favorite 0
quote 0
the payroll tax hold day was not extended, so, that pushed the tax and social security up to 6.2% from 4.2%. despite the consumer discretionary shot up. no everyone is convinced the run can last as consumers feel the pinch. it's time for a street fight. karen is bullish on consumer discretionary, b.k. is bearish. so, beeks, lay out the bear case. >> okay, so, i start, karen is undefeated. i'm going to mind by ps and qs here. i think consumer discretionary is overdone here, primarily because when you look at consumer credit and disposable income, they increase one to one. we had an increase in consumer credit, away from the trend. you have an increase in disposable nexincome. it may not be a lot, but that could have a nonlinear effect on the area. when i look back at the valuation of it, xly or the underlying index is trading at the high end of its valuation on a p.e. and price to book ration owe is the word i was looking for. it a tough word. >> yeah. >> r-a-t-i-o. >> yes. >> i but curious about this, because it doesn't sound like a lot, but the tax policy center says that's $18 to $20
the payroll tax hold day was not extended, so, that pushed the tax and social security up to 6.2% from 4.2%. despite the consumer discretionary shot up. no everyone is convinced the run can last as consumers feel the pinch. it's time for a street fight. karen is bullish on consumer discretionary, b.k. is bearish. so, beeks, lay out the bear case. >> okay, so, i start, karen is undefeated. i'm going to mind by ps and qs here. i think consumer discretionary is overdone here, primarily...
89
89
Jan 15, 2013
01/13
by
MSNBCW
tv
eye 89
favorite 0
quote 0
i will cut taxes, cut taxes, for 95% of all working families because in an economy like this, the last thing we should do is raise taxes. >> those tax breaks were made permanent and this new year's day fiscal cliff deal. the president also secured an extension of small business traction credits. fulfilling a prom fris the same speech. economy has posted job increases every month since late 2010. although this recovery is still very slow. president's promise to bring a responsible end to the war in iraq was the centerpiece of the 2008 campaign and the issue he used to draw clear distinctions with john mccain as president he kept that promise. he pulled the last combat troops out of iraq in december of 2011. he's also made strides towards ending the u.s. role in afghanistan and that's not over yet. indicated that troops may start coming home this spring. then will's health care. promise then senator obama made when he first announced his candidacy nearly six years ago. >> let's be the generation that says right here, right now, we will have universal health care in by the end of the next
i will cut taxes, cut taxes, for 95% of all working families because in an economy like this, the last thing we should do is raise taxes. >> those tax breaks were made permanent and this new year's day fiscal cliff deal. the president also secured an extension of small business traction credits. fulfilling a prom fris the same speech. economy has posted job increases every month since late 2010. although this recovery is still very slow. president's promise to bring a responsible end to...